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FinMin advances reform and financing agenda at IMF-World Bank meetings

PAKISTAN: Pakistan and the International Finance Corporation have agreed to accelerate the financial close of the Reko Diq project, as Finance Minister Muhammad Aurangzeb began a series of high-level engagements with global financial institutions in Washington. In a meeting with Riccardo Puliti, International Finance Corporation (IFC) regional vice president for the Middle East, Central Asia, […]

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Pakistan maintains ‘pre-1967’ borders for Palestine: PM

Prime Minister Shehbaz Sharif reaffirmed that the creation of a strong and viable Palestinian state, based on the pre-1967 borders with Al-Quds Al-Sharif as its capital, remains and will continue to remain the foundation of Pakistan’s policy in the Middle East. The Prime Minister left for Pakistan after concluding his two-day visit to Sharm el-Sheikh,

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Pakistan asks Taliban to control terrorist networks

ISLAMABAD: The Taliban regime should not allow its territory to be used for terrorist purposes against other countries and should focus on forming an inclusive and truly representative government, instead of engaging in baseless propaganda, the Foreign Ministry spokesperson said on Monday. In a statement, he said: “We have taken note of the recent statements

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“A super tax cannot be imposed after the deadline”

ISLAMABAD: The Supreme Court on Monday resumed hearings in the super tax case, during which members of the larger constitutional bench made key observations regarding the imposition and timing of the tax. A five-member bench, headed by Justice Aminuddin Khan, heard the case. During the proceedings, Justice Jamal Khan Mandokhail observed that taxes other than

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Pakistan breaks ranks with Taliban regime after cross-border clashes

ISLAMABAD: When the Afghan Taliban returned to power in August 2021, Pakistan became their biggest supporter by advocating deeper engagement with the new leaders in Kabul and working tirelessly to seek its international legitimacy. Pakistan’s efforts stemmed from the fact that it had close and historic ties with the group and believed that under the

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Repairing underwater cables to disrupt the Internet

ISLAMABAD: Internet users across Pakistan may experience slower speeds and intermittent connectivity as maintenance work will be carried out on one of the country’s main submarine cables, Pakistan Telecommunication Company Limited said. According to a statement issued on Monday, a scheduled repair operation will begin at around 11 a.m. Pakistan Standard Time on Tuesday to

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Pakistan and IFC set to close financing of Reko Diq

ISLAMABAD: Pakistan and the International Finance Corporation (IFC) have agreed to take steps towards financial closure of the Reko Diq project at the earliest, the Finance Ministry announced on Sunday. According to a statement, Finance Minister Muhammad Aurangzeb met with Riccardo Puliti, IFC Regional Vice President for the Middle East, Central Asia, Turkey, Afghanistan and

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